Indonesian President Prabowo Subianto has sacked finance minister Purbaya Yudhi Sadewa and appointed his deputy, Suahasil Nazara, as his replacement, the president’s office said on Monday, Reuters reported. Suahasil, who has served
The head of the Panama Canal Authority has voiced serious concerns that a $23 billion global ports transaction involving Hong Kong’s CK Hutchison could threaten the long-held neutrality of the strategic waterway.
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Huawei’s founder, Ren Zhengfei, has publicly dismissed claims that his company is closing the technology gap with the U.S., saying its AI chips still trail behind American rivals — a comment seen
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The European Union is accelerating efforts to take greater control of its cybersecurity capabilities, following a recent funding scare in the United States that exposed Europe’s dependence on American-led digital security systems.
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Central Huijin, the state-owned investment arm of China’s sovereign wealth fund, has emerged as a dominant force in the country’s financial markets, following an unprecedented surge in interventions aimed at supporting the
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Coal India, the world’s largest coal-producing company, is intensifying efforts to meet the country’s growing energy demands by reopening more than 30 defunct mines and launching up to five new ones on
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Leading American corporations, including Apple, Intel, and Nike, are pressuring the US government to lower tariffs on Vietnamese goods, warning that steep duties threaten a critical supply chain partner in Asia and
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Apple is grappling with mounting internal and external challenges as it scrambles to deliver long-promised upgrades to Siri, its voice assistant, ahead of next week’s Worldwide Developers Conference (WWDC). The delays have
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U.S. corporations with weaker credit profiles are accelerating their issuance of high-yield bonds as they brace for renewed trade tensions in July, which could disrupt investor appetite and drive up borrowing costs.
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A fierce standoff has erupted between the UK government and the Chinese owner of British Steel, Jingye Group, over a £1 billion compensation claim that threatens to paralyze operations at the country’s
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In a bid to ease mounting tensions with Brussels and stabilize global supply chains, Beijing has agreed to expedite approvals for rare earth export licences for certain European companies, China’s commerce ministry
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Microsoft will begin ranking artificial intelligence models by safety performance, a move aimed at reassuring customers and helping them navigate an increasingly crowded AI marketplace, the company announced this week. The new
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At this week’s OECD ministerial summit in Paris, world trade leaders confronted a sobering reality: the United States, under President Donald Trump’s second term, is doubling down on a unilateral trade strategy,
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The Swiss government has unveiled sweeping financial reforms that could force UBS to boost its capital by up to $18bn — a proposal the bank previously slammed as “extreme” and “excessive.” The
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The European Union is being inundated with ultra-potent cannabis, significantly increasing the risk of psychosis and other mental health disorders, according to a warning from the EU’s drugs monitoring agency. Alexis Goosdeel,
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Procter & Gamble announced plans to eliminate 7,000 jobs globally over the next two years, citing the need to cut costs and restructure its operations as it grapples with sluggish demand and
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